AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 142.0% in January

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 18,322 shares, a growth of 142.0% from the December 31st total of 7,571 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 85,239 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 85,239 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

AB Tax-Aware Intermediate Municipal ETF Price Performance

NYSEARCA:TAFM traded up $0.05 during mid-day trading on Friday, hitting $25.63. 85,481 shares of the company’s stock traded hands, compared to its average volume of 85,004. The firm has a 50 day moving average of $25.52 and a two-hundred day moving average of $25.29. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.04 and a 12 month high of $25.85.

Institutional Investors Weigh In On AB Tax-Aware Intermediate Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of TAFM. Comerica Bank acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at $90,000. Osaic Holdings Inc. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% during the second quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after buying an additional 3,205 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter valued at about $200,000. Huntleigh Advisors Inc. acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the third quarter worth about $234,000. Finally, Sagespring Wealth Partners LLC bought a new position in AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at about $260,000.

AB Tax-Aware Intermediate Municipal ETF Company Profile

The AB Tax-Aware Intermediate Municipal ETF (TAFM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that primarily invests in investment grade municipal bonds from the US. The fund seeks to maintain an effective duration of 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.